S.O. 429(E) : Notification: S. O. 429(E) Date of Issue: 19/5/1998

Notification: S. O. 429(E) Date of Issue: 19/5/1998

Notification: S. O. 429(E)

Section(s) Referred: s. 35AC(1)

Statute: INCOME TAX

Date of Issue: 19/5/1998

Whereas by Notification Number S. O. 844(E), dated 17th October, 1995, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 11, construction of Phase-II of Orphanage Child Care Centre at Plot No. P-37, Residential Zone, MIDC, Dombivli, Thane of Janani Ashish Charitable Trust, Plot P-37, MIDC, Residential Zone, Dombivli, Thane-421 201 as an eligible project or scheme for a period of three years beginning with the assessment year 1996-97;

And whereas the said project or scheme is likely to extend beyond three years;

And whereas the National Committee, being satisfied that the said project or scheme is being executed properly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962, for specifying the said project or scheme for a further period of three years;

Now, therefore, the Central Government, in exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme or project of construction of Phase-II of Orphanage Child Care Centre at Plot No. P-37, Residential Zone, MIDC, Dombivli, Thane of Janani Ashish Charitable Trust, Plot P-37, MIDC, Residential Zone, Dombivli, Thane-421 201, at the estimated cost of rupees twenty-eight lakhs sixty thousand only as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 1999-2000.

[No. 10606/F. No. NC-29/98]